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tradingwithanthony
Jan 22, 2024 10:08 AM

NAS100 Trade Idea 

US 100 IndexFXCM

Description

The NAS100 experienced a substantial rally towards the end of last week, displaying signs of being significantly overextended. A retracement may be in store, particularly if the Dollar Index (DXY) maintains and strengthens its position, considering the general inverse correlation between DXY and US100. It is essential to emphasize that this analysis is provided exclusively for educational purposes and should not be construed as financial advice.
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